Daily News: November 16, 2012

Wells Fargo Launches Online Business Credit Center

Wells Fargo announced the launch of a new Business Credit Center, offering small business owners a free online resource to learn about credit, from developing a strong application to calculating how much financing a business needs.

Wells Fargo said it recently re-designed its Business Insight Resource Center to add the Business Credit Center, which serves as a comprehensive source for business owners to find information on a wide range of financing topics, such as preparing to qualify for credit, applying for an SBA loan and managing credit use. The Business Insight Resource Center features videos, podcasts and articles created for small business owners. The re-designed site also has been optimized for mobile access and to provide visitors the option of customizing content they view based on years in business and business needs.

“As America’s leading small business lender, we have an important responsibility to provide small business owners both access to capital, and access to the financial guidance they need before and after obtaining credit,” said Lisa Stevens, Wells Fargo lead executive for Small Business and West Coast Regional Banking president. “The new Business Credit Center is another way we support small business owners. It offers straightforward, relevant information business owners can use to better understand financing options for their businesses.”

Wells Fargo said that according to the latest CRA data, it loaned more dollars to small business owners than any other financial institution in 2011, extending more than $26 billion in loans less than $1 million and more than $16 billion in loans less than $100,000 to U.S. small businesses during the year.

To read the Wells Fargo news release, click here.